News

Nigerian banks restrict transactions to neobanks amid rising fraud concerns

Nigerian Banks such as Fidelity and Standard Chartered have imposed transaction restrictions on neobanks like Moniepoint, Kuda, Opay, and PalmPay, citing mounting concerns over fraud.

"Misleading", Patricia speaks on its physical operations in Nigeria

Estonia-based crypto exchange, Patricia said that it started full remote operations in 2020, contrary to allegations that it has absconded its Lagos office.

Inside Safaricom's acquisition of M-PESA Holdings

Safaricom completes full acquisition of M-PESA Holdings, securing control of the iconic mobile money platform in Kenya.

Breaking: Kippa set to downsize workforce and cease offline payments product

Nigerian fintech startup, Kippa plans to lay off an undisclosed number of its workforce at the end of the year. This follows the discontinuation of its offline payment product, KippaPay.

Syndicate Bio signs drug research MoU with Nigerian Institute of Medical Research

Syndicate Bio has partnered with the Nigerian Institute of Medical Research to conduct drug discovery research on infectious and non-infectious diseases.

Adbot and MTN partner to offer automated digital ad services to Nigerian SMEs

MTN Nigeria, and Adbot, a South African ad-tech company, have teamed up to provide AI-powered ad services to Nigerian SMEs on MTN's network.

Amazon's entry into South African e-commerce slated for 2024

Amazon will launch its second locally-dedicated website in Africa next year, with its South African expansion. The e-commerce company currently operates in Egypt.